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True or False: A professor of economics at a small Texas university wanted to determine what year in school students were taking his tough economics course.Data were collected on the class status ("freshman","sophomore","junior" or "senior")of 50 students enrolled in one of his economics course.A side-by-side bar chart can be used to present this information.
Non-Value-Added
Activities or processes that consume resources but do not add to the product's value or the customer's experience.
Throughput Time
The complete duration required for an item to go through the entire manufacturing cycle, beginning to end.
Manufacturing Cycle Efficiency
A ratio showing the value-added time as a percentage of the total lead time within a manufacturing process.
Delivery Cycle Time
The total time taken from receiving a customer order to delivering the finished product to the customer, encompassing all stages of the order processing and production process.
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